State of California

Led by issuers in New York, Minnesota and Michigan, municipal bond buyers saw more supply head their way on Tuesday.

The early birds caught New York City general obligation bonds, as RBC priced an $810 million offering to retail buyers to start a busy primary week.

The market is prepping for $7.5 billion of new paper that is set to hit the market, as more than $50 billion in August redemptions free up cash to buy bonds.

The market was quiet on Friday ahead of a $7.5 billion new issue calendar as more than $50 billion in August redemptions frees up cash to buy bonds.

Municipal bond buyers will get to see a larger than average new issue slate.

Municipal bond buyers saw the last of the week’s new issue supply get put away as the market’s gaze turns to next week’s volume.

Puerto Rico issues rallied on a restructuring agreement for the power company, while municipal bond buyers saw some new supply head their way.

For the first time this year, the municipal bond market generated more volume than it did in the same month of 2017, as July issuance edged 1.3% higher.

Puerto Rico issues rallied after reports the island’s electric company struck a debt restructuring agreement with its bondholders.

Despite recent softness, the supply demand imbalance is uplifting the market, according to a new report.

Municipal bonds were mixed ahead of this week’s $4.4 billion calendar.

Weekly municipal bond volume is estimated at $4.4 billion for the upcoming week.

Municipal bond volume will dip to under $5 billion next week, according to estimates released on Friday.

Sporadic trading and price firmness drove the municipal market on Thursday.

Price stability was outweighing trading activity and volume on Thursday morning in the municipal market.

Municipal bond buyers were singing “I love New York” on Wednesday as they grabbed bonds from two Empire State issuers.

Eight state projects to expand reservoirs and build new dams will receive state bond funding.

Two big New York issuers came to market on Wednesday as municipal bonds were little changed in secondary action.

California’s Infrastructure bank hit the municipal market with a big note offering on Monday, while a New York City Transitional Finance Authority deal was offered to retail buyers.

The big New York City issue was priced for retail investors and a large California note issue was offered to buyers, while municipals turned weaker in secondary trade.